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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of putting our issues in context. contest isn't a proper. >> you're saying look. my guy ran up $6 trillion in debt. but what did bush do? come on. it's ridiculous. it doesn't matter what bush did. the job of the president now is to get the debt under control and you've got to -- . >> exactly. >> i can see why obama did badly in the debate. the altitude really is rough up here in come redistribution. do you believe it? >> do you? >> i asked first. >> i believe... >> i believe in social security. do you believe in social security. >> yes. >> so we're both socialists? >> no. no. >> social security isn't redistribution? >> no. it's not. >> you pay
he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of...
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you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to gut our investments in education or clean energy or research or technology. that is not a jobs plan. that is not a plan to grow the economy. that is not change. that is a relapse. we have been there. we have tried that. we are not going back. we are moving forward. and that's why i'm running for a second term as president of the united states. >> all right. so there's the president of the united states. you get the point. he's really going after the republican
you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll...
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you're missing up the deficit with the debt. >> no, no, no. you are missing the deficit. the deficit is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> eric: sorry, johnny. you were wrong. okay. brian, you're up. >> brian: here it is. as long as i've been at fox and reading the newspaper, two stories always happen. is pete rose going to get in the hall of fame and will jennifer aniston find true love? one has come to end. 12 years after breaking up brat pitt left her for a hotter woman she found true love with a guy that bob worships. justin thrashgh. they're engaged and put it to bed. guys can stop thinking to themselves i have a shot at her. it's over and done. >> dana: she has been engaged for a while. >> brian: this is just hitting me. she is single so we could relate to her. she is searching for love. now people rose is left with the only question left. >> andrea: left her for a hotter woman? most men in the country are split. >> dana: quickly, the cheerleader from texas, miranda ferguson, set a record. we have it here. she did 35 backflips. th
you're missing up the deficit with the debt. >> no, no, no. you are missing the deficit. the deficit is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> eric: sorry, johnny. you were wrong. okay. brian, you're up. >> brian: here it is. as long as i've been at fox and reading the newspaper, two stories always happen. is pete rose going to get in the hall of fame and will jennifer aniston find true love? one has come to end. 12 years after breaking up brat...
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-- new deficit neutral. in other words, no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> his running mate just dates before, paul ryan directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that'
-- new deficit neutral. in other words, no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> his running mate just dates before, paul ryan directly contradicted romney. ryan said...
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they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my dear friend, former intern, which i always like to disclose, is a trust deficit. is it? >> well, so much of american politics is based on do i know you, do i trust you and do i like you? those are some damaging numbers for governor romney for sure. but look, the fact of the matter is he crushed president obama in that debate and these numbers are reflecting what a lot of people saw, and that was a stereotype that had been lined out about governor romney that he was some cold heartless businessman. he turned that on its ear. conversely, one of the stereotypes out for president obama is
they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my...
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who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our investments on education, clean energy, research, technology. that is not a plan to grow the economy. that is not change. we have been there. we have tried that. we are not going back. we are moving forward. that is why i am running for a second term as president of the united states. [applause] look -- we have got a different view about how you bring jobs and prosperity to america. the strong economy does not trickle down from the top. it grows from a thriving middle- class, and folks working hard to get into the middle-class. i think it is time our tax code stopped rewarding
who knew that he was driving our deficit? we are going after that. he has decided we are going after big bird. elmo is making a run for the border. the governor romney once wall street who run wild, but he is going -- if governor romney wants wall street to run wild, but he is going to bring down the hammer on "sesame street." we cannot afford another round of tax cuts for the wealthy. we cannot afford to roll back regulations on banks and insurance companies. we cannot got our...
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mitt romney says he'll cut funding to reduce the deficit. now the obama camp has released a new tongue-in-cheek ad casting an unlikely star as a criminal master mine. will it be effective? take a look for yourself and decide. >> i'm barack obama and i approve this message. >> bernie madoff, dennis keselowski, criminals, gluttons of greed and the evil genius who towered over them. one man has the guts to speak his name. >> big bird. >> big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stop the subsidy to pbs. >> mitt romney taking on our enemies no matter where they nest. >> this comes as the 2012 presidential election is just four weeks away, and now new polls show the race between president obama and republican rival mitt romney is closer than ever. nbc's tracie potts has more from washington. good morning to you. >> reporter: good morning. they're raising a lot of money, too. which is why we'll see more of those ads. r
mitt romney says he'll cut funding to reduce the deficit. now the obama camp has released a new tongue-in-cheek ad casting an unlikely star as a criminal master mine. will it be effective? take a look for yourself and decide. >> i'm barack obama and i approve this message. >> bernie madoff, dennis keselowski, criminals, gluttons of greed and the evil genius who towered over them. one man has the guts to speak his name. >> big bird. >> big bird. >> it's me, big...
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everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of his view. i don't think he was out of line in the way he answered the question. he pointed only to charities to solve these problems. there's reames of research that shows local charities do great work but they cannot conquer the kind of issue that is were on the table there. >> i don't know, to that point, the specific elements of the ryan budget as voted through the house for the fiscal period up to 2013 actually would eviscerate pell grants, kill support of -- whas it called safe start -- head start, and all these provithss for people in low income
everything from leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of...
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going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teeing
going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to...
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of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my...
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. >> the president said we cut the deficit in half. unfortunately he doubled it. >> jon: 1.2 trillion when he took office t is 1.1 trillion now. mr. president are you just going throat him roll you. >> mr. president, two minutes. >> when i walked in the oval office i had more than a trillion dollar deficit greeting me. and we know where it came from. yes, when to take some initial emergency measures to make sure we didn't slip into a great depression. let's make sure we are cutting out those things that are not helping us grow. 18 programs are-- medical fraud in medicare, cut a trillion dollars out of our discretionary domestic budget. the specifically specific $4 trillion deficit reduction plan t is on the web site. you can look at all the numbers. let me just finish this point because are you looking for contrast. >> way over two minutes. >> sorry (laughter) >> jon: you went over your time? and you somehow managed in all that overtime to not turn and look your opponent in the lie and just mention what he said was untrue? not even a q
. >> the president said we cut the deficit in half. unfortunately he doubled it. >> jon: 1.2 trillion when he took office t is 1.1 trillion now. mr. president are you just going throat him roll you. >> mr. president, two minutes. >> when i walked in the oval office i had more than a trillion dollar deficit greeting me. and we know where it came from. yes, when to take some initial emergency measures to make sure we didn't slip into a great depression. let's make sure we...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> 45 minutes past the hour. one way to grab the undivide attention of undecided voters is to pull a stunt. a public relations stunt more about promoting and selling products than promoting a specific candidate. alison kosik is at the new york stock exchange. pizza hut is involved, free pizza for life. >> isn't that what you've always wanted, a free pizza party for the rest of your life? >> yes! >> you could also choose -- this is an even better option. the $15,000 in cash. if you don't want the pizza. if you want to win one of these things, you have to go rogue. pizza hut wants you to ask mitt romney or president obama, do you like sausage or pepperoni on your peeizza? at the next presidential debate october 16th, a townhall style debate. this could be kind of tough. the questions are typically prescreened. these kind of gimmicks, this kind of schtick is typical for compa companies, promotions tied to big
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> 45 minutes past the hour. one way to grab the undivide attention of undecided voters is to pull a stunt. a public relations stunt more about promoting and selling products than promoting a specific candidate. alison kosik is at the new york stock exchange. pizza hut is involved, free pizza for life....
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> throughout our battleground virginia special, we will take a groups offerent voters. >> we are breaking down voters by age, gender, and ethnicity. >> are political team includes cooper.uman and rebecca >> we have been inside both headquarters and the races this close. nodar kumaritashvili is taken for granted. they analyze every demographic no voter is taken for granted. whether it is making a pit stop or knocking back a:at a local watering hole, but tap into a very specific block of voters. >> it is still the second most important vote in america. >> second only to white females. is going tonow what sway me one way or another. mostly i am a democrat, but i made up my mind yet. successfult obama is young, women, hispanic, and black voters. 60%omney needs to get about of the white vote. possible? >> it is very possible. >> he says that is why romney almost to speak about days except the economy. >> many m
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> throughout our battleground virginia special, we will take a groups offerent voters. >> we are breaking down voters by age, gender, and ethnicity. >> are political team includes cooper.uman and rebecca >> we have been inside both headquarters and the races this close. nodar kumaritashvili is...
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> he is part evel knievel, part john glen, and a wee bit of christopher columbus, exploring territory and pushing physical limits to a place no man has ever gone before. his name is felix baumgartner. there he is, and if you don't know him, you should. here he is practicing for a jump, a jump from the edge of the stratosphere. he's going to attempt today to become the first person to break the sound barrier with his body and to jump from no place that anyone has ever jumped before. our meteorologist chad myers is so excited and cnn's brian todd also excited. both on this story for us. i want to start with you, brian todd, in roswell, new mexico. we've had a delay this morning because of some weather concerns, but i'm hearing that the balloon is now officially being unloaded, unfolded. i think that might be telling. while you can maybe update me on the process, could you also tell me apart from the thrill
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> he is part evel knievel, part john glen, and a wee bit of christopher columbus, exploring territory and pushing physical limits to a place no man has ever gone before. his name is felix baumgartner. there he is, and if you don't know him, you should. here he is practicing for a jump, a jump from the edge...
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debate flop, they realize a new ad using big bird to sarcastically distort governor romney's approach to deficit reduction. >> one man has the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the president's campaign ad, the nonprofit organization wrote quote, we have approved nong campaign add and as of our general practice, have requested that they be taken down, big bird joining the aarp, and a cincinnati deli owner and nbc's andrea mitchell on the list of people who' the obama campaign to just leave them out of the obama campaign, bad news piling up for the president, some of his most reliable brends hitting him hard, little bi politic coct small ball. and the silly obama campaign. and nbc news called ad absurd, their chief white house correspondent chuck todd said, quote, when can the obama campaign going to stop talking about
debate flop, they realize a new ad using big bird to sarcastically distort governor romney's approach to deficit reduction. >> one man has the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the...
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i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know how to count because of sesame street because they brainwash. >> let's not denigrate the importance of sesame street to early childhood education and the role it plans. to john's point, this is kind of -- we have serious issues at hand. >> exactly. >> and the chock is ticking. >> feel like i want to bring in mr. rogers and talk about my feel approximationp we should be talking about education and infrastructure, it is a tiny number but representative of something larger. >> two things to say about this ad, only one good thing, it's not running in any battleground states, only cable bait, and the bad thing to say about it is, it
i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know...
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said he would cut funding to the public broadcasting service in order to help reduce the country's deficit. now the obama camp released a new tongue and cheek ad casting the star as a criminal mastermind. will it be infective? take a look and decide for yourself. >> i'm barack obama and i approve this message. >> bernie madoff, ken lay, gluttons of greed. and the man who towered over him. one man who has the guts to speak his name. >> big bird. >> big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stopt subsidy to pbs. >> mitt romney taking on enemies no matter where they nest. >> with the presidential election four weeks away, there is new polling out. it shows the race between president obama and mitt romney closer than ever. tracie potts has more on that from washington. good morning. >> lynn, good morning. mitt romney is going to iowa today to a family farm before heading off to ohio where we'll hear his repeat his new campaign line. mitt romney has a new campaign line today. >> hope is
said he would cut funding to the public broadcasting service in order to help reduce the country's deficit. now the obama camp released a new tongue and cheek ad casting the star as a criminal mastermind. will it be infective? take a look and decide for yourself. >> i'm barack obama and i approve this message. >> bernie madoff, ken lay, gluttons of greed. and the man who towered over him. one man who has the guts to speak his name. >> big bird. >> big bird. >> big,...
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host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these different activities. on the republican side, it goes back to what an earlier caller spoke about on revenue. the republicans will likely need to give some sort of new revenue, some sort of adjustment of the tax code that produces new revenue. those are the main gives on either side. very hard to get these two sides to compromise on this. host: there's a story this week with this headline -- how much does he want to get accomplished before he leaves? guest: it goes back to the idea that as productive as the gang of eight may be, it does need leadership about them to take whatever products they have and
host: what are the most likely components each side would have to give in order to lower our deficit? guest: great question. pretty easy. democrats are going to have to give on entitlements, meaning medicare, social security, and the broader domestic side of spending, such as medicaid. we call these entitlements, but they are really the great society safety net program and the rest of the domestic spending, on everything from school lunches you name it, go up and down the list, all these...
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and chris wallace started grilling him, a promise it will be deficit neutral and very vague promise it will be paid for. so chris wallace said as loop holes and deductions, that's sort of the key. and ryan basically said i don't have the time to get into all the math. >> now, now -- let me put you right there, steve. not joe biden, the vice president pacing him thursday night. he couldn't even get specifics there. the exchange between he and chris wallace on fox news. >> here's what we're saying -- >> we'll get to the deductions but the cut in tax rates. >> it's lower -- >> how much does that cost? >> it's revenue neutral. >> it's not neutral unless you take away the deduction. i'll get to that in a second. lowering the tax rately difference. >> >> you haven't give me the math. >> well i don't have the time -- it would take me too long to go through all of the math. >> it would take me too long to explain the math. this is a fox news sank ore saying you haven't given me the math. if he can't deal with that on a friendly station, how will he go up against vice president joe biden? >> tw
and chris wallace started grilling him, a promise it will be deficit neutral and very vague promise it will be paid for. so chris wallace said as loop holes and deductions, that's sort of the key. and ryan basically said i don't have the time to get into all the math. >> now, now -- let me put you right there, steve. not joe biden, the vice president pacing him thursday night. he couldn't even get specifics there. the exchange between he and chris wallace on fox news. >> here's what...
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we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back and forth with ryan on those issues. >> carrie, thank you very much for the report there. the battle for the buckeye state. president obama is headed to ohio from san fran. he will speak at a rally later this afternoon at ohio state university. after a rally in iowa in just the past hour, mitt romney headed to ohio as well and will spend four of the next five days there. he's trying to capitalize on the new dynamic of the presidential race following last weengk's debalt. it was like yesterday we were talking about whether governor romney was going to pull up his stakes in ohio and try to focus on a different
we're hearing about the book "the young guns" written by ryan and his colleagues outlining his deficit and debt policies. biden has been on the trail talking about it this book and these policies. these are attacks he's been honing over the last couple weeks and months. really what you see is biden addressing things like social security and medicare. these are arguments he's making on the stump now, but his staff and van holland right now are preparing him to respond to have a back...
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resolve the trade deficit by china by combating protectionism, something mr. obama is afraid to do. develop domestic oil and gas, something mr. obama feels is immoral, and something that, and, essentially, have some smart regulation on wall street. not layer upon layer upon layer of endless nonsense that keeps you from making loans. jenna: charlie, is it simply a change of administration? peter's pointed to that, you've got to get someone with a different paradigm in there. is that all it is? is it that simpling, quote-unquote? >> i will say this, by the i -- way, corporate america is better. business leaders are worried about a lot of stuff in terms of fiscal policy coming out of this administration. >> right. >> they believe this administration is anti-business. and by the way, just be fair about this for a second. what has barack obama and joe biden offered the country? the buffet tax. and that will -- buffett tax, that will tell you everything you need the know. jenna: we'll try to arrange that. charlie and peter, nice of to have you both today. >> take care. jon: all right. let
resolve the trade deficit by china by combating protectionism, something mr. obama is afraid to do. develop domestic oil and gas, something mr. obama feels is immoral, and something that, and, essentially, have some smart regulation on wall street. not layer upon layer upon layer of endless nonsense that keeps you from making loans. jenna: charlie, is it simply a change of administration? peter's pointed to that, you've got to get someone with a different paradigm in there. is that all it is?...
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think in the republican world they think the spending side is easiest place to go to try and close the deficit. >> it isn't. what's occurring in my campaign there's a slogan we're going to have a balance budget that takes many town to 18% gdp and would savage everything people care about. so you've got to come in with the most controversial ones. that's again why the two most important and largest programs are controversialal to get after social security and medicare. when you're dealing with things that are controversialal that can be demagog, it's terribly important to start off with both a republican and a democrat on board who are willing to stay the course against often times opposition in your party. >> you're running against one of those spending cuts republicans who really wants to slash the budge fet, but is a beneficiary herself of the agriculture programs which was one of the biggest programs in nebraska. >> well, that's true. what i'm saying in this one is that the simple slogan balancing budget through a constitutional amendment isn't going to get the job done. it's going to take
think in the republican world they think the spending side is easiest place to go to try and close the deficit. >> it isn't. what's occurring in my campaign there's a slogan we're going to have a balance budget that takes many town to 18% gdp and would savage everything people care about. so you've got to come in with the most controversial ones. that's again why the two most important and largest programs are controversialal to get after social security and medicare. when you're dealing...
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we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get
we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing,...